Raccoon Valley Bank

Private foundation · Grantmaker Perry, IA EIN: 42-1347634

Raccoon Valley Bank is a private foundation based in Perry, Iowa. Its 2025 grants supported organizations working in areas including local community and business support, food assistance, children’s well-being, education through play, legal aid, and land and wildlife conservation.

Key facts about Raccoon Valley Bank

In short: Raccoon Valley Bank gave $139K across 39 grants in 2025 (avg $4K), mostly in Iowa. 54% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
42-1347634
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$138,510
Grants made (2025)
39
Average grant
$3,552
Median grant
$1,000
New grantees (estimate)
54% first-time grantees (21 of 39, 2025)
Total assets
$96,684
Primary geography
Iowa (98% of itemized 2025 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation does not accept unsolicited requests. Full details ↓
Deadline
None.

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$97K

-39.6% YoY

Annual Giving

$139K

+9.1% YoY

Grant Count

39

-9.3% YoY

Avg Grant Size

$4K

+20.2% YoY

Under IRS private-foundation payout rules, Raccoon Valley Bank reported a distributable amount of $5K for 2025 — the minimum it must pay out in qualifying distributions.

Is Raccoon Valley Bank open to new grantees?

54%

first-time grantees, 2025

In 2025, 21 of 39 grantees (54%) were first-time recipients. First grants averaged $5K; repeat grants $1K. How we count

Medians: $1K first-time, $813 repeat.

  • 36% of 2025 grantees were also funded in 2024. Method
  • Giving grew 222% from 2022 to 2025. Method
  • In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement is provided. The 2025 grants show support for a range of charitable organizations. For example, Food Bank of Iowa says it distributes food to nonprofit agencies serving people in need, while Good Samaritan Food Pantry says it provides emergency and supplemental food to eligible individuals and families in Dallas County. Des Moines Children’s Museum describes its mission as promoting learning through play, and Iowa Legal Aid Foundation says it supports legal aid for low-income Iowans. Conservation grantees include Iowa Natural Heritage Foundation, which says it protects and restores Iowa’s land, water, and wildlife, and Whiterock Conservancy, which describes its work as combining sustainable agriculture, natural-resource protection, and public recreation.

Grantmaking

In 2025, the foundation made 39 grants totaling $138,510. Grant amounts ranged from $50 to $75,000, with a median of $1,000. The largest awards included $75,000 to Friends of the Hotel Pattee for general operations, $10,000 to Perry Chamber of Commerce Foundation Inc for the Perry Business Support Fund, and $6,285 to Food Bank of Iowa for general operations. Other listed grants included $5,000 to The FullhartCarnegie Charitable Trust for Hometown Heritage and $3,000 each to Good Samaritan Food Pantry Inc, Dallas Country Fair Foundation, and Grimes Storehouse Inc for general operations.

Review Cycle

None.

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Geographic Focus

Where this funder awards grants

In 2025, 98% of grant dollars went to recipients in Iowa. The remaining reported shares were Missouri (1%) and Minnesota, New York, and Illinois (0% each).

Grant Distribution by State

9states

Share of 2025 grant dollars across all 39 itemized grants.

Cities

PerryDes MoinesAdelDallas CenterWest Des MoinesCoon RapidsJeffersonJohnstonAmesCarrollGrimesWaukeeBaltimoreMinburnSt. PaulUrbandaleEarlhamNew YorkNewtonWinterset

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K31 grants2019 29 grants2020 34 grants2021 38 grants2022 40 grants2023 43 grants2024 39 grants2025

From 2019 to 2025, annual grant giving ranged from $38K (2020) to $139K (2025). In 2025 it made 39 grants totaling $139K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Friends of the Hotel Pattee: $75KFriends of the Hotel Pattee$75KPerry Chamber of Commerce Foundation Inc: $10KPerry Chamber of CommerceFoundation Inc$10KFood Bank Of Iowa: $6KFood Bank Of Iowa$6KThe FullhartCarnegie Charitable Trust: $5KThe FullhartCarnegieCharitable Trust$5KGood Samaritan Food Pantry Inc: $3KGood Samaritan Food Pantry Inc$3KDallas Country Fair Foundation: $3KDallas Country Fair Foundation$3KGrimes Storehouse Inc: $3KGrimes Storehouse Inc$3KRonald Mcdonald House Charities: $3KRonald Mcdonald HouseCharities$3KDallas Center Food Pantry: $3KDallas Center Food Pantry$3KPery Area Emergency Food Council: $3KPery Area Emergency FoodCouncil$3K

The largest 2025 recipient was Friends of the Hotel Pattee ($75K). Together the top 10 received $113K.

Grant Size Distribution

194 grants across all recorded years

191<$50K3$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 191 grants of 194 (98%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Friends of the Hotel Pattee Perry, IAGeneral Operations$75,000
Perry Chamber of Commerce Foundation Inc Perry, IAPerry Business Support Fund$10,000
Food Bank Of Iowa Des Moines, IAGeneral Operations$6,285
The FullhartCarnegie Charitable Trust Perry, IAHometown Heritage$5,000
Good Samaritan Food Pantry Inc Adel, IAGeneral Operations$3,000
Dallas Country Fair Foundation Adel, IAGeneral Operations$3,000
Grimes Storehouse Inc Grimes, IAGeneral Operations$3,000
Ronald Mcdonald House Charities Des Moines, IAGeneral Operations$2,850
Dallas Center Food Pantry Dallas Center, IAGeneral Operations$2,500
Pery Area Emergency Food Council Perry, IAGeneral Operations$2,500

Financial History

Multi-year comparison from IRS filings

Filing year Grants awarded Grant count
2025 $138,510 39
2024 $127,001 43
2023 $40,442 40
Revenue
Expenses
Qualifying Distributions
$0$50K$100K$150K$200K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$96,684$160,194$212,195
Revenue$75,000$75,000$75,000
Expenses$138,510$127,001$40,442
Qualifying Distributions$138,510$127,001$40,442
Distributable Amount$5,373$8,678$7,762

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS March 13, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS February 22, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS February 28, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS February 27, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 25, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS March 12, 2025)
  7. Updated Form 990-PF for fiscal year 2025 (received by the IRS March 24, 2026)
  8. IRS filings on file for fiscal years 2019–2025

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists Terry Nielsen as President and Director; Kendall Rathje as Secretary/Treasurer; and Mike Compiano, Elizabeth Garst, Sarah Garst, Jane Clausen, Jon Peters, Sid Jones, Dan Wilhelmi, and Rueben Garst as directors. Sid Jones is listed as a director until July.

Raccoon Valley Bank is led by Terry Nielsen, President & Director on every filing since 2019; none of the 11 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Terry Nielsen

    President & Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Dan Wilhelmi

    Director

    On filings since 2019

    0.1 hrs/week

    No compensation reported

  • Elizabeth Garst

    Director

    On filings since 2019

    0.1 hrs/week

    No compensation reported

  • Jon Peters

    Director

    On filings since 2019

    0.1 hrs/week

    No compensation reported

  • Sarah Garst

    Director

    On filings since 2019

    0.1 hrs/week

    No compensation reported

  • Jane Clausen

    Director

    On filings since 2021

    0.1 hrs/week

    No compensation reported

  • Mike Compiano

    Director

    On filings since 2021

    0.1 hrs/week

    No compensation reported

  • Rueben Garst

    Director

    On filings since 2023

    0.1 hrs/week

    No compensation reported

  • Sid Jones

    Director

    On filings since 2023

    0.1 hrs/week

    No compensation reported

  • Jeff Rose

    Director

    New on the 2025 filing

    0.1 hrs/week

    No compensation reported

  • Kendall Rathje

    Secretary & Treasurer

    On filings since 2019

    1 hr/week

    No compensation reported

Former officers (4)
  • Former: Doug McDermott (2019–2022) — Director
  • Former: Jennifer Garst (2021) — Director
  • Former: H. T. Holcomb (2019–2020) — Director
  • Former: Sally Haerr (2019–2020) — Director

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Application contact: Kendall Rathje
Mailing address: Raccoon Valley Bank, Perry, IA 50220
Phone: (515) 465-3521

Frequently asked questions about Raccoon Valley Bank

How much does Raccoon Valley Bank give each year?

Raccoon Valley Bank gave $139K across 39 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $127K across 43 grants.

What is Raccoon Valley Bank's typical grant size?

Raccoon Valley Bank's median grant in 2025 was $1,000, and its average grant was $3,552, across 39 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Raccoon Valley Bank that year got $5K on average.

Where does Raccoon Valley Bank give grants?

Raccoon Valley Bank gives mostly in Iowa: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Perry, IA (9 grants), Des Moines, IA (8 grants), Adel, IA (3 grants) and Dallas Center, IA (2 grants).

Does Raccoon Valley Bank give general operating support?

Yes: 95% of Raccoon Valley Bank's 2025 grants with a stated purpose (37 of 39) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Raccoon Valley Bank's largest grantees?

Raccoon Valley Bank's largest 2025 grantees include Friends of the Hotel Pattee ($75,000), Perry Chamber of Commerce Foundation Inc ($10,000) and Food Bank Of Iowa ($6,285), according to its 2025 IRS Form 990-PF. Together they received 66% of its itemized 2025 grant dollars.

How large is Raccoon Valley Bank?

Raccoon Valley Bank reported $97K in total assets on its 2025 IRS Form 990-PF. It paid out $139K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).

What does Raccoon Valley Bank fund?

No mission statement is provided. The 2025 grants show support for a range of charitable organizations. See mission & focus areas ↑

How do I apply for a grant from Raccoon Valley Bank?

The foundation does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Raccoon Valley Bank's EIN?

Raccoon Valley Bank's EIN (Employer Identification Number) is 42-1347634. IRS Form 990 filing data is available on this page for 2019–2025.

Does Raccoon Valley Bank accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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